This amendment, the second-degree amendment, is precisely the same amendment as my first-degree amendment which was taken down by the McCain amendment. The McCain amendment does one thing that is good. It says that you cannot sell an asset for less than its net present value, but that does not affect an asset like a national park that has no income stream. And second, let me repeat, Rudolph Penner and Bob Reischauer, two of the most respected directors of the Congressional Budget Office we have ever had, said it is terrible policy to score asset sales on the budget deficit. Please vote yea on my amendment.
Dale Bumpers: “This amendment, the second-degree amendment, is precisely the same amendment as my first-degree amendment which was…”
Editor's note · Context
Discussing an amendment related to asset sales and budget policy.
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